Category Archives: Market inefficiencies

Market Power, Low Productivity, and Lagging Wages: The Real Drivers

To understand labor productivity—and growing inequality—you have to look at the “dual economy”

Richard Murphy: “First, Let’s Kill All the Accountants” – On Accounting’s Systemic Failure

Why taking accounting for granted is a really bad idea.

Michael Hudson: Life and Thought – An Autobiography

Michael Hudson discusses his life as a young Communist intellectual, how he became interested in economics and finance, his life in academia, and his recent work on rentier capitalism and debt jubilees.

The Missing Profits of Nations

Profit shifting is a key driver of the decline in global average statutory corporate tax rate, which has fallen by more than half

Did Small-Time City Operator Nigel Farage Trade His Way Into a Fortune in the Brexit Vote?

Hedgies made hundreds of millions speculating on the British pound the night of Brexit. Did Brexiteer Nigel Farage help them do it?

Backstabbing Over Cows

The trouble with cows….

The Carbon Bubble and the Pricing of Bank Loans

Neglecting the possibility that fossil fuel reserves can become ‘stranded’ could result in a ‘carbon bubble’ as fossil fuel firms become overvalued.

Official Unemployment Is at 3.9%? Economist Robert Pollin Says It Is More Like 12%

Why the headline unemployment numbers give a wildly rosy picture of the state of US labor markets.

Monopoly Capitalism: At The Breaking Point?

Michael Hudson discusses monopoly capitalism on the Laura Flanders show.

Leaky Fed: New Study Uses Taxi Ride Data to Show Increase in Visits When Blackout Lifted and Around FOMC Meetings

Taxi ride data suggests that the Fed is throwing some juicy informational bones to big banks, whether by accident or design.

Plastic Watch: Great Pacific Garbage Patch Grows

The Great Pacific Garbage Patch, a major plastic accumulation zone located between California and Hawaii, is growing at a rate greater than previously believed, according to a new scientific paper published last week.